Business Plan Basics

loans

venture capital Home

business plans

Order Now!

investors Reviews

venture capital Articles and
Business Plan Resources


venture capital Sample Chapter

business plans Contact Us

Brian Hill and Dee Power About the Authors

5 Tips To Jumpstart Your Business Plan

Jump Start Your Business Plan in 2007 with These Five Tips

By Dee Power

Are you dreading writing your business plan, or even getting started? These five tips should help.

1) Rome Wasn't Planned, Funded, and Built in One Day The process of putting together a coherent business plan will probably take longer that you estimate (an incoherent business plan on the other hand can take as little as 20 minutes).

2) Smaller Bites Are More Digestible Start the plan with an outline. By breaking the large task down into smaller components, the task will not seem as daunting. Then list the smaller components with completion target dates

3) Pick A Section, Any Section If you have never written a business plan before, you may have difficulty getting the project started. To get the plan moving, start with the section that is easiest for you, or of most interest.

4) Spend Quality Time With Your Plan. People often underestimate the effort and energy it takes to write a business plan. They try to write it at night or when everything else at work is finished. A better approach is to write the plan when you have energy available to put into it: go in early and think and write for an hour before the phones start ringing.

5) You Deserve A Break Today. Put the draft away for a few days, come back to it fresh, and begin revising and rewriting. Magically, after several more revisions, the ideas will all come together and the language of the plan will flow.

Business Plan Basics